Report
Vishnu Lekraj
EUR 100.00 For Business Accounts Only

Owens and Minor is a material player in the healthcare market, but it lacks an economic moat.

Owens & Minor issued preliminary fourth-quarter results on Jan. 31 to prepare investors for what was a tough quarter and year. The firm largely confirmed its preannouncement as revenue remained flat and profitability compressed for both periods. Management cited many issues, including increased competition, pricing compression, and cost overruns. We believe the consumable medical product wholesaling market is fraught with challenges ranging from commoditized products, easy market entrance fo...
Underlying
Owens & Minor Inc.

Owens & Minor is a healthcare solutions company. The company provides products and services to healthcare provider, manufacturers and directly to patients across the continuum of care. The company has two segments: Global Solutions, which provides a portfolio of medical and surgical supplies and service offerings to healthcare providers including supplier management, analytics, inventory management, and clinical supply management; and Global Products, which manufactures and sources medical surgical products through its production and kitting operations as well as provides medical supplies and solutions for the prevention of healthcare-associated infections across the acute and alternate site channels.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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